Noble Financial Upgrades 1-800 FLOWERS.COM (NASDAQ:FLWS) to “Outperform”

1-800 FLOWERS.COM (NASDAQ:FLWS) was upgraded by stock analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $3.75 price target on the specialty retailer’s stock. Noble Financial’s price objective indicates a potential upside of 20.19% from the stock’s current price.

Other analysts also recently issued reports about the stock. Zacks Research upgraded shares of 1-800 FLOWERS.COM from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen upgraded shares of 1-800 FLOWERS.COM from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 1-800 FLOWERS.COM has an average rating of “Hold” and a consensus target price of $3.75.

1-800 FLOWERS.COM Trading Down 0.3%

Shares of FLWS stock opened at $3.12 on Monday. The stock has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $4.02. The stock has a market capitalization of $199.90 million, a P/E ratio of -0.93 and a beta of 1.21. 1-800 FLOWERS.COM has a fifty-two week low of $2.93 and a fifty-two week high of $8.44. The company has a quick ratio of 0.81, a current ratio of 1.25 and a debt-to-equity ratio of 0.43.

1-800 FLOWERS.COM (NASDAQ:FLWS) last issued its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $1.20 EPS for the quarter, topping the consensus estimate of $0.86 by $0.34. 1-800 FLOWERS.COM had a negative net margin of 13.41% and a negative return on equity of 23.80%. The firm had revenue of $702.18 million for the quarter, compared to analysts’ expectations of $700.58 million. On average, sell-side analysts expect that 1-800 FLOWERS.COM will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of 1-800 FLOWERS.COM by 156,238.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,324 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 20,311 shares during the period. Invesco Ltd. increased its stake in shares of 1-800 FLOWERS.COM by 7.8% in the fourth quarter. Invesco Ltd. now owns 123,231 shares of the specialty retailer’s stock worth $484,000 after acquiring an additional 8,950 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of 1-800 FLOWERS.COM in the fourth quarter worth $48,000. Jain Global LLC purchased a new stake in shares of 1-800 FLOWERS.COM during the fourth quarter worth $46,000. Finally, Jump Financial LLC raised its holdings in shares of 1-800 FLOWERS.COM by 10.6% during the fourth quarter. Jump Financial LLC now owns 34,849 shares of the specialty retailer’s stock worth $137,000 after acquiring an additional 3,347 shares in the last quarter. Institutional investors and hedge funds own 38.43% of the company’s stock.

1-800 FLOWERS.COM Company Profile

1-800-FLOWERS.COM, Inc, founded in 1976 by Jim McCann and headquartered in Jericho, New York, is a leading floral and gift retailer in North America. Operating primarily through its online platform and call center, the company offers a wide selection of fresh-cut flowers, gourmet foods, gift baskets, plants and home décor items. With a network of affiliated florists and its own floral production farms, 1-800-FLOWERS.COM facilitates same-day delivery services across the United States, reaching more than 90% of U.S.